Government accused of wasting £120m on ‘festival of Brexit’ as MPs call event ‘recipe for failure’ March 16, 2022 MPs are saying the Government is wasting tens of millions of pounds of taxpayers’ money on a so-called “festival of Brexit” without any clear idea of what it is meant to be. The Unboxed: Creativity in the UK event – due to take place later this year – is supposed to showcase the best of [...]
Centaur media’s earnings spike by 68 per cent in pandemic bounce back March 16, 2022 Marketing firm Centaur bounced back from pandemic difficulties with a 68 per cent spike in earnings. The London-based company increased its revenue from £32.4m in 2020 to £39.1m in the last 12 months, representing a more than 20 per cent increase. Its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) spiked to nearly £6.5m, [...]
UK recorded music hits a high note thanks to vinyl and CD revivals March 16, 2022 UK recorded music continues to hit a high note, with revenue up 12.8 per cent to £1.26bn following 2020’s pandemic slump.
Camelot loses National Lottery licence after 28 years as Czech contender Allwyn gets the jackpot March 15, 2022 National Lottery operator Camelot is set to lose its licence to run the lottery after 28 years as the Gambling Commission names rival Allwyn Entertainment as its preferred applicant to take on the venture.
Sony Music forks out £696m in music catalogue snap ups as icons cash in on mega hits March 15, 2022 Sony spent as much as $911m (£696m) on music catalogue acquisitions in the last 10 months, with more and more artists looking to cash in on their hits.
Ofcom to widen UK satellite regulation as the number of space launches explodes March 15, 2022 The UK’s broadcast and communications regulator is set to embed itself further into the space sector as the increasing number of satellites in orbit calls for a more hawkish watchdog. Ofcom will oversee the radio spectrum – an essential part of wireless communications – to ensure it is used efficiently as more people and businesses [...]
Channel 4 hits record spend for out of London commissions March 15, 2022 Channel 4’s proportion of commissions and spend outside of London hit an all-time record high last year. Two thirds of all original programming commissioned for the main channel was produced in the nations and regions – nearly double the broadcaster’s 35 per cent quota set by Ofcom. Channel 4’s Chief Content Officer Ian Katz said: [...]
Justice in Russia: Journalist who crashed country’s state news show dragged to court the day after March 15, 2022 A Russian journalist who interrupted a state broadcast with a sign saying it was “lying” about the war in Ukraine, has now appeared in court the following day. Lawyers for Marina Ovsyannikova accompanied her to court, after saying she had been “imprisoned for more than 12 hours” with no contact. Ovsyannikova was detained after the [...]
Metaverse switch: Young people jump ship from Facebook and embrace virtual reality platform March 15, 2022 The metaverse could become a mainstream way to make friends and even date, with nearly a fifth of young people ready to ditch more conventional social media platforms. With more than a tenth having already made their own metaverse avatar, data from Zen Internet highlighted that 18 per cent of 16-24 year olds are already [...]
‘They are lying to you’: Watch as millions of Russian jaws drop after woman interrupts live news broadcast in Moscow March 15, 2022 There was outrage, confusion and disbelief across Russia last night as a woman interrupted the main news program on state broadcaster Channel One with an anti-war banner. Tens of millions of ordinary Russians who had tuned in for the daily news broadcast saw how a woman appeared on their screens with a sign that said [...]